AIR INDIA FINANCING UPDATE:

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By TESTCustomwebLP TESTCustomwebLP November 1, 2010 14:50

AIR INDIA FINANCING UPDATE:

Air India has sought approval from the Reserve Bank of India (RBI) to convert a major portion of its Rs18,000 crore of working capital loans into term loans with a moratorium of two to three years on principal repayments as part of a financial restructuring plan. Air India and SBI Capital Markets (SBICaps) an arm of State Bank of India representing a consortium of banks, have approached RBI with the proposal.

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By TESTCustomwebLP TESTCustomwebLP November 1, 2010 14:50
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